You have been given the financial statements of Boundless Company Limited for the year ending 31 March 2018. The companys income statement and statement of financial position are set out below.

Boundless Company Limited

Income Statement for the year ended 31 March 2018

	000
Revenue	95,585
Cost of sales	(42,245)
Gross profit	53,340
Distribution costs	(10,404)
Administrative expenses	(18,286)
Profit from operations	24,650
Finance costs	(650)
Profit before tax	24,000
Tax	(3,800)
Profit for the period	20,200
Boundless Company Limited Statement of financial position as at 31 March 2018	000
ASSETS
Non-current assets
Property, plant and equipment	33,679
Current assets
Inventories	6,932
Trade receivables	6,800
Cash and cash equivalents	3,149
	16,881
Total assets	50,560
EQUITY AND LIABILITIES
Equity
Ordinary share capital (1 shares)	15,000
Retained earnings	17,174
Total equity	32,174
Non-current liabilities
Bank loans	9,000
Current liabilities
Trade payables	5,586
Tax liabilities	3,800
	9,386
Total liabilities	18,386
Total equity and liabilities	50,560

Required:

Calculate the listed ratios below, to ONE DECIMAL PLACE, for the year ended 31 March 2018. Present your solutions in a table with columnar format, clearly showing the formulae and figures used in calculations and the final ratios.

a) Trade payables payment period (days)

b) Interest cover

c) Earnings per share

d) Return on equity

e) Gearing ratio (worked as total debt/total debt + total equity)

f) Acid test ratio

g) Asset turnover

h) Return on capital employed

i) Net profit margin

j) Inventory holding period (days)